Republic Services
Collects, processes and disposes of waste through vertically integrated North American infrastructure.
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Profile
Collects residential, commercial and industrial waste, earns collection and tipping fees, and owns transfer, recycling, landfill and hazardous-waste infrastructure across the United States and Canada. Vertically integrated local networks move material from pickup through processing or disposal, while permits and contracted municipal and commercial volumes shape operations.
Collects residential, small-container and large-container waste; operates transfer stations, recycling centers and landfills; and provides hazardous-waste treatment, industrial field services and emergency response. Operations span the United States and Canada and are managed through two geography-based recycling-and-waste groups plus an environmental solutions group. Polymer Centers extend the recycling chain into recycled plastic feedstocks for packaging.
Combines local operating accountability with standardized processes and integrates acquisitions into existing routes and facilities to reduce duplicated costs. Vertically integrated local networks move material from collection through transfer, processing or company-operated disposal. Revenue is anchored in municipal and commercial contracts, while landfill capacity, hazardous-waste handling and facility operations require permits and environmental compliance; landfill expansion is not assured and closed sites carry post-closure obligations.
Company facts
Categories
Key statistics
Year to date +5.6% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | UBS | Reiterate | Neutral | $223 | $235 | |
| Aug 7, 2026 | Morgan Stanley | Target | $225 | $232 | ||
| May 12, 2026 | UBS | Reiterate | Neutral | $220 | $223 | |
| May 11, 2026 | Barclays | Reiterate | Equal Weight | $227 | $233 | |
| May 11, 2026 | Argus Research | Downgrade | Buy | Hold |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.81 | $1.85 | +2.2% | $4.36B | $4.43B | +1.5% | +2.37% |
| May 7, 2026Q1 FY26 | $1.64 | $1.70 | +3.7% | $4.10B | $4.11B | +0.4% | −0.76% |
| Feb 17, 2026Q4 FY25 | $1.62 | $1.76 | +8.6% | $4.21B | $4.14B | −1.7% | −1.97% |
| Oct 30, 2025Q3 FY25 | $1.83 | $1.90 | +3.8% | $4.24B | $4.21B | −0.6% | −0.80% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.01B | $4.24B | $4.21B | $4.14B | $4.11B | $4.43B | |
| Gross profit | $1.70B | $1.79B | $1.75B | $1.73B | $1.26B | $1.87B | |
| Operating income | $807.0M | $870.0M | $839.0M | $807.0M | $831.0M | $901.0M | |
| Net income | $495.0M | $550.0M | $550.0M | $544.0M | $525.0M | $566.0M | |
| Diluted EPS | $1.58 | $1.75 | $1.76 | $1.76 | $1.70 | $1.84 | |
| Gross margin | 42.3% | 42.2% | 41.5% | 41.9% | 30.5% | 42.1% | |
| Operating margin | 20.1% | 20.5% | 19.9% | 19.5% | 20.2% | 20.3% |
Fiscal years (4-quarter sums)FY21 $11.30B · FY22 $13.51B · FY23 $14.96B · FY24 $16.03B · FY25 $16.59B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $107.0M · Total debt $14.30B · Total assets $35.16B · Shareholders' equity $12.03B
Dividends
Raised for 21 straight years — most recently to $0.625 from $0.58 in Oct 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 2, 2026 | Jul 2 | Jul 15 | $0.625 | |
| Apr 2, 2026 | Apr 2 | Apr 15 | $0.625 | |
| Jan 2, 2026 | Jan 2 | Jan 15 | $0.625 | |
| Oct 2, 2025 | Oct 2 | Oct 15 | $0.625 | raised from $0.58 |
| Jul 2, 2025 | Jul 2 | Jul 15 | $0.58 | |
| Apr 2, 2025 | Apr 2 | Apr 15 | $0.58 | |
| Jan 2, 2025 | Jan 2 | Jan 15 | $0.58 | |
| Oct 2, 2024 | Oct 2 | Oct 15 | $0.58 | raised from $0.535 |
Ownership
Shares outstanding 307.66M · Float 196.42M · 63.8% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Cascade Investment, L.L.C. · 10 percent owner | 112.40M | 36.53% | Form 4 | Aug 28, 2026 |
| BlackRock, Inc. | 17.82M | 5.79% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 13.06M | 4.25% | 13F | Aug 13, 2026 |
| State Street Corp | 9.95M | 3.24% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 7.12M | 2.31% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Investment L.l.c. Cascade | 10 percent owner | +284,600 | $219.52 |
| Aug 26, 2026 | Investment L.l.c. Cascade | 10 percent owner | +275,500 | $221.55 |
| Aug 25, 2026 | Investment L.l.c. Cascade | 10 percent owner | +269,477 | $221.88 |
| Aug 24, 2026 | Investment L.l.c. Cascade | 10 percent owner | +301,639 | $222.91 |
| Aug 21, 2026 | Investment L.l.c. Cascade | 10 percent owner | +191,361 | $220.34 |
Peers
- WM
US #1 solid waste — head-to-head in every collection, landfill, recycling line.
- Waste Connections
US/Canada #3 solid waste — collection, landfill, recycling, and RNG overlap.
- Clean Harbors
North America’s #1 hazardous waste network — overlaps Environmental Solutions.
- GFL
#4 solid waste in North America; collection, landfill, recycling; Canada + US.
- Casella Waste Systems
Northeast US solid waste — collection, landfill, recycling across 11 states.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Republic Services | $225.00 | +1.32% | $68.34B | 31.5 | 29.2 | 4.0 | +4.6% |
| WM | $219.31 | −0.15% | $87.80B | 31.1 | 25.7 | 3.4 | +4.0% |
| Waste Connections | $165.68 | −0.14% | $41.82B | 40.2 | 28.1 | 4.3 | +3.8% |
| Clean Harbors | $310.71 | +0.02% | $16.40B | 37.7 | 31.0 | 2.6 | +12.0% |
| GFL | $43.30 | +1.14% | $14.95B | — | 68.8 | 3.0 | +11.5% |
| Casella Waste Systems | $93.68 | −0.02% | $5.87B | 1,005.2 | 71.2 | 3.0 | +16.9% |
| Median | 38.9 | 31.0 | 3.0 | +11.5% |